The gaming industry is reeling from the impact of the ban on real money games following the passage of the Online Gaming Bill. The effects of the ban are expected to be felt soon, as sources indicate that the popular gaming app Mobile Premier League (MPL) may soon lay off a significant number of employees. According to a company insider familiar with the company’s plans, the company may let go of 60% of its workforce following the new laws passed for the online gaming industry.
MPL is strengthening its operations in the US market, focusing on free-to-play games, according to the Economic Times. A source within the company stated that approximately 300 of the 500 Indian employees working in marketing, operations, finance, engineering, and legal teams will be laid off.
An internal email viewed by Reuters, sent to the staff, revealed that MPL CEO Sai Srinivas wrote, “With a heavy heart, we have decided to make significant cuts to our Indian team.” The email did not specify the number of layoffs.
He stated that they are committed to providing all possible assistance to those affected. India accounts for 50% of M League’s revenue, and this change means that they will not be able to earn any revenue from India in the future.
Why Games Like MPL-Dream 11 Became Popular
The government has banned online real money games, citing financial losses among young people as a reason. This decision by the government has led to the closure of online gaming apps. MPL and Dream11 have become quite popular among people in recent years because they offer winners the opportunity to win financial prizes. The online gaming industry claims that games depend on skills and are therefore not gambling.
